Insider Buying: Star Equity (NASDAQ:STRR) Director Acquires $15,015.00 in Stock

Star Equity Holdings, Inc. (NASDAQ:STRR) Director Louis Parks bought 1,500 shares of the business’s stock in a transaction on Friday, March 27th. The shares were bought at an average cost of $10.01 per share, for a total transaction of $15,015.00. Following the completion of the acquisition, the director directly owned 9,309 shares in the company, valued at approximately $93,183.09. This trade represents a 19.21% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Star Equity Trading Up 3.0%

NASDAQ STRR opened at $10.41 on Tuesday. The firm has a market capitalization of $38.60 million, a PE ratio of -5.08 and a beta of 0.58. The business’s 50-day moving average price is $10.02 and its two-hundred day moving average price is $10.51. The company has a current ratio of 2.10, a quick ratio of 1.86 and a debt-to-equity ratio of 0.09. Star Equity Holdings, Inc. has a 12 month low of $8.26 and a 12 month high of $11.99.

Star Equity (NASDAQ:STRR) last issued its quarterly earnings data on Tuesday, March 17th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.23). The company had revenue of $56.79 million for the quarter, compared to the consensus estimate of $59.08 million. Star Equity had a negative return on equity of 1.17% and a negative net margin of 3.44%. On average, analysts expect that Star Equity Holdings, Inc. will post -1.2 EPS for the current year.

Analyst Ratings Changes

STRR has been the topic of a number of recent analyst reports. Weiss Ratings restated a “sell (e+)” rating on shares of Star Equity in a research report on Thursday, January 22nd. Noble Financial upgraded shares of Star Equity to a “strong-buy” rating in a research report on Wednesday, March 4th. Zacks Research upgraded shares of Star Equity from a “strong sell” rating to a “hold” rating in a report on Monday, March 9th. Finally, Litchfield Hills Research upped their price target on shares of Star Equity from $21.00 to $28.00 and gave the company a “buy” rating in a research report on Monday, March 23rd. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $16.50.

Hedge Funds Weigh In On Star Equity

Institutional investors have recently added to or reduced their stakes in the business. Heartland Advisors Inc. bought a new position in shares of Star Equity during the 4th quarter worth approximately $140,000. DRW Securities LLC bought a new stake in shares of Star Equity in the 4th quarter valued at $268,000. Bridgeway Capital Management LLC bought a new stake in shares of Star Equity in the 4th quarter valued at $276,000. RBF Capital LLC acquired a new position in shares of Star Equity during the 4th quarter valued at $316,000. Finally, Geode Capital Management LLC acquired a new position in shares of Star Equity during the 4th quarter valued at $352,000. 3.84% of the stock is owned by institutional investors and hedge funds.

About Star Equity

Hudson Global, Inc is a publicly traded talent acquisition and recruitment firm that provides a range of staffing and workforce solutions to organizations around the world. Operating primarily through two service lines—recruitment process outsourcing (RPO) and retained executive search—the company connects employers with qualified professionals across a variety of disciplines, including finance, accounting, technology, human resources and legal. Its flexible engagement models encompass project-based sourcing, volume hiring and high-level leadership searches, enabling clients to tailor recruitment strategies to their specific business objectives.

With a global footprint spanning North America, Europe, Asia-Pacific and Latin America, Hudson Global supports multinational corporations as well as regional and niche market clients.